Is Lake Villa, IL 60046 a buyer’s or seller’s market?

The Lake Villa housing market right now

In the three months ending August 31, 2026, 47% of homes in Lake Villa, IL 60046 sold above their list price, the typical home went under contract in 44 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 153 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (48% then), homes sold faster (48 days then) and the median sale price fell 4% to $364,842. Overall, Lake Villa is about as competitive as it was a year ago.

Within Lake County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Lake Villa ranks #112 of 464 IL ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at Fox Lake 60020 (26% sold over asking) or Highwood 60040 (33% sold over asking), while North Chicago 60064 (58% sold over asking) and Zion 60099 (54% sold over asking) are even more competitive.